Decision Point

The SOXX, has reached a crossroads.

Shown in the chart below and similar to Nvidia (yesterday), the SOXX, is also at a potential inflection point (not advice, not a recommendation).

Maybe, it’s time to cue up the blues music; it could be an appropriate moniker for the road ahead.

Semiconductors SOXX, Daily

“What do you see?”

Below, what the market is saying about itself.

If this chart is in-effect, that is, if the market’s ‘respecting’ the trendlines and trading channel, we’re at the spot where one could ask, ‘Where to from here?’

As always, anything can happen and we could somehow, magically, power on higher; probabilities suggest not (not advice, not a recommendation).

Contra Indicators

If indeed, this past week was the infection point for Nvidia and Semiconductors as a whole, the euphoric ‘technology‘ conference, might go down as the most significant contra-indicator of the A.I., bubble (not advice, not a recommendation).

Let’s not forget, those in the know are cashing-out like there’s no tomorrow.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279